Emaar PMLA case: Tribunal upholds attachment of Koneru Pradeep’s $250,000 London policy
The Appellate Tribunal upheld the Enforcement Directorate's attachment of Koneru Pradeep's $250,000 London insurance policy linked to a money-laundering case involving the Emaar Hills Township project. Pradeep argued the policy predated the alleged scam and claimed that sufficient properties had already been attached. The ruling reinforces the ED's actions as investigations continue.